Parent and Teachers Association of PS 116

Analysis

Parent and Teachers Association of PS 116 is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Parent and Teachers Association of PS 116 reported income of $191k and spending of $338k, spending 177% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $632k to $191k (-70%), an average of -26% a year. The sharpest change came in the year to June 2022, when income rose by 517%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Parent and Teachers Association of PS 116 sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Autm Foundation ($191k), Salem County Christian Academy ($191k) and Louisiana Pediatric Cardiology Foundation ($190k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 65% of the total. Other salaries and wages came to $55k. At year end it held assets of $472k against liabilities of $0, net assets of $472k. It reported 24 employees.